Norway's Storebrand subsidiary SPP moves to eliminate all fossil exposure

Storebrand, the Norwegian group that manages more than NOK780bn (€77bn), has announced that its Swedish subidiary SPP is to make all its funds fossil free - an action that will help make about a third of the group's total AUM fossil free, or €26bn out of the €77bn (NOK780bn) total group AUM. Then announcement has come at a time when the Conference Of the Parties (COP) 25 has been taking place in Madrid, with so far mixed results in terms of expectations for commitments that poorer countries are seeking from richer countries to address commitments made in the Paris Agreement to combat cli...